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Prenups Aren’t Just For The Rich And Famous

On behalf of Emy A. Cordano, posted in Prenuptial Agreement On Wednesday, November 25, 2020

Prenuptial agreements are agreements entered into between people wanting to marry. Such agreements are created to determine the allocation of assets and money if the relationship were to end. Prenuptial agreements have historically been used for couples getting married where one or both of the soon-to-be-wed are wealthy and/or have a lot of assets. That presumption is not the same for today’s couples. Professional family law attorney in Salt Lake City Emy Cordano is experienced with drafting prenuptial agreements. Whether you are just starting to put one together or actively addressing the terms of a prenup as you go through your divorce, Attorney Cordano is here to help.

What To Include

We cannot predict love or how long a marriage will last. Sometimes the universe delivers a sudden, nasty turn of fate and your spouse suddenly asks for a divorce. Even if there is a protracted ending to the marriage, a prenuptial agreement can help make the transition out of a marriage smoother and more predictable, especially for the less wealthy, or unemployed spouse.

A typical prenuptial agreement must disclose all the assets and debts of each partner at the time of marriage. The terms of a prenup can include future financial plans, retirement accounts or future retirement accounts, support for a spouse and/or children. You cannot include child support in a prenup, but you can plan how the assets and finances will be allocated to the parties and if necessary, the children, in the event of a divorce. The prenuptial agreement may protect you and your children. These agreements are more like a blueprint for an alternate future – something like a plan B. Your plan A is to stay together, but it is always good to have a plan B, especially when you enter a marriage with assets.

Who gets a prenup?

Prenuptial agreements are becoming increasingly popular for couples who are marrying in their 30s or who have been married previously. Emy Cordano, family attorney for 21 years, is ready to help guide you in this process. Whether this is your first or second, third, or fourth, etc. marriage, choosing a prenup is a good way to protect your previously acquired assets and to preserve your future.

Getting married with any assets at all means you must protect your accrued wealth and property in a state where they may be subject to division upon divorce.  Utah is such a state. A prenuptial agreement can help you maintain independent ownership of the property and finances you accrued before the marriage. Please retain Emy Cordano if you are in such a position as it’s essential that you protect your previous hard work from being subject to division with your current spouse.

If your partner is asking for a prenup, you are at risk to the point where Utah law requires you to have an attorney for the prenup to be upheld down the road. Protect yourself and don’t sign a prenup without seeking the services of a very experienced Salt Lake City prenuptial agreement attorney like Emy Cordano.

How to Get Started

Discussing a prenuptial agreement with your partner can be stressful. Who wants to think about the day their marriage falls apart? This is a difficult conversation and most people cannot. The truth is that the love between you and your partner may never fall apart. You will more than likely have a long and happy marriage. We cannot read the future, but we can prepare you for it. Emy Cordano is ready to help you on this journey. You can contact us by clicking here or call us at 801-804-5152 for a free initial consultation.

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